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The long-standing feud between Justin Sun and $WLFI is escalating.
At this point, the final move came from Tron (TRX) founder Justin Sun.
Justin Sun has filed a lawsuit against World Liberty Finance ($WLFI), a cryptocurrency project supported by US President Donald Trump.
The Sun announced in a post from its X account that it has filed a lawsuit against World Liberty Finance ($WLFI) in a California federal court.
Sun stated in the lawsuit that the $WLFI project team froze their tokens without valid reason, stripped them of their voting rights in governance proposals, and threatened to permanently burn their tokens.
Sun also explained that he tried to negotiate to resolve the issue, but initiated legal action after the project refused to lift the token freeze and restore governance voting rights.
“…I tried to resolve this situation in good faith with the World Liberty project team without resorting to legal action.”
However, the project team rejected my requests to dissolve my tokens and restore my rights as a token holder. They left me no choice but to take legal action. My goal is to be treated the same way as other early investors.”
Sun stated that she still supports President Trump and his administration, emphasizing that her lawsuit targets specific individuals on the project team, not the president himself.
“…Unfortunately, some individuals on the World Liberty project team are running the project in a way that is contrary to President Trump’s values…”
Sun also strongly opposed a new governance proposal announced by World Liberty Finance on April 15, stating that it was disadvantageous to the community because it would require the tokens of those who voted against it to be locked indefinitely or partially burned.
*This is not investment advice.
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ambcrypto.com